1.1.M.25 Maximum amount (FTB advance)
Definition
In relation to an FTB advance payment (1.2.8), the maximum amount for an eligible individual who is not a member of a blended family (1.1.B.30) is set out in the following table.
If 7.5% of the individual's adjusted Part A rate is … | the individual's maximum amount of family tax benefit advance is … |
---|---|
greater than or equal to 23.3%* of the standard rate for a child under 13 years | 23.3%* of the standard rate for a child under 13 years. |
less than 23.3%* and greater than 7.5% of the standard rate for a child under 13 years | 7.5% of the individual's adjusted Part A rate. |
less than or equal to 7.5% of the standard rate for a child under 13 years | 7.5% of the standard rate for a child under 13 years. |
* 23.3% of the standard rate for a child under 13 is taken to be $1,348.81 for the 2024-25 financial year.
The maximum amount of an FTB advance for an eligible individual who is a member of a blended family is their blended family percentage of the maximum amount as calculated in the table above.
If one or more previous advances are being repaid when an individual requests a new FTB advance, the maximum new advance amount is reduced by the original amount of any unrepaid advances (disregarding any outstanding advance with a balance of less than 5c).
Note: In the table above, 'adjusted Part A rate' means the person's FTB Part A rate disregarding the FTB Part A supplement (1.2.1) and any reduction in their FTB Part A due to existing FTB advances. Standard rate for a child under 13 means the FTB Part A child rate for one child under 13 years of age worked out under FAAct Schedule 1 clause 7 (disregarding clauses 8 to 11 of that schedule).
Amounts worked out under this topic are rounded to the nearest cent (rounding 0.5c upwards).
Act reference: FA(Admin)Act section 35C Amount of FTB advance, section 35D Maximum amount of FTB advance payable
Policy reference: FA Guide 3.1.11 Advance payment of FTB Part A